Answer:
$15,267
Step-by-step explanation:
Kay earns $78,400 per year and gets a standard deduction of $5,700.
Her taxable income is amount of money that she can pay tax on and that is:
Income - Standard Deduction
= $78,400 - $5,700 = $72,700
She pays tax at a 21% rate, hence, her income tax is:
= $15,267
Her income tax is $15,267.